Tuesday, November 24, 2015

Fractional-Reserve Banking Pure Fraud

Jeff Nielson (Nov 23, 2015) - What is euphemistically called “fractional-reserve banking” is obvious fraud, and obvious crime. By its very definition; it transforms the banking sector of an economy into a leveraged Ponzi-scheme [...] We have no need to construct any hypothetical extremes, however, when we already have real-life insanity, in our current monetary/regulatory framework. Here it is important to note that in order to conceal the fraud, crime, and insanity of our present system to the greatest degree possible, the bankers hide their dirty deeds within their own convoluted jargon (HERE)